jfourmo (OP)
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June 06, 2011, 06:06:14 PM |
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I just bought out the last 8 5830s from Newegg, I'm sure other vendors will follow. From what I can gather, nothing competes with it's price/Mhash on the market. Thoughts?
Will this play a significant role in reducing the expansion of the network?
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Chucksta
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June 06, 2011, 06:13:05 PM |
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LOL, I wonder if the gfx card vendors realise for why their cards are being sold so quickly, and in lots of more than 2 ?
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frozen
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June 06, 2011, 06:13:45 PM |
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Good thing I made my purchase yesterday... I was worried about waiting, and apparently rightly so.
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LegitBit
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June 06, 2011, 06:14:24 PM |
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Maybe temporarily.
From what I understand those particular 5830's were only recently manufactured by Sapphire as some kind of value series... since they all sold I am betting they will be making more despite them being an old model.
Even if not.. the 7000 series is not far off.. which should push the 6000's down in price.
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mrNightowl
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June 06, 2011, 06:15:01 PM |
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bcpokey
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June 06, 2011, 06:15:08 PM |
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This is like the 5th thread about this this morning. And no the network doesn't rely on 5830s to grow. There are roughly 16-20 million 58xx series cards in circulation. Neweggs stock of like 200 5830s isn't really the make or break for bitcoin.
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jfourmo (OP)
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June 06, 2011, 06:16:02 PM |
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TigerDirect and Amazon have 5830s for $130, the XFX not Sapphire. From my research the difference isn't significant. I grabbed another 16 from Amazon before they sell out too :p
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jfourmo (OP)
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June 06, 2011, 06:17:18 PM |
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This is like the 5th thread about this this morning. And no the network doesn't rely on 5830s to grow. There are roughly 16-20 million 58xx series cards in circulation. Neweggs stock of like 200 5830s isn't really the make or break for bitcoin.
Where can you buy them for $110? |
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AngelusWebDesign
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June 06, 2011, 06:21:29 PM |
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I wonder the same thing myself -- why don't they hire extra shifts and crank out more of those bad babys?
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jfourmo (OP)
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June 06, 2011, 06:29:29 PM |
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That's good to know. When I put them in my cart it made it look like you could only use the rebate once. -- "NOTICE: Limit (2) rebates per person, billing address, company, or household." I suppose you could get around that pretty easily |
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gboytazzz
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June 06, 2011, 06:32:36 PM |
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so wait will my 5870 do good since ive been reading that 5830's are like the best card to mine?? sorry im a noob and i didnt mean for my 1st post to be this  i was actually going to post in a different thread but this one caught my eye  |
donations: 1HoeR3J4dr3G5RnnGhyNWjd1NxhDbGNJps
flexcoin : gboytazz
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Internet151
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June 06, 2011, 06:33:35 PM |
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I just purchased 12 Sapphire 5830's from Newegg this morning, glad I made it before they sold out!
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bcpokey
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June 06, 2011, 06:35:38 PM |
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I just purchased 12 Sapphire 5830's from Newegg this morning, glad I made it before they sold out!
You may not be so glad in 10 days when you finally get your rigs running and difficulty doubles  |
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mrNightowl
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June 06, 2011, 06:42:12 PM |
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this all kind of makes me giggle. I know when bionic put out gpu stuff for crunching numbers there was a slight increase in card sales.... But I can't imagine there has ever been a increase in sales like this. its completely insane how many vid cards have been purchased just because of bitcoins in the past few weeks... should of got stock in these manufacturers
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jfourmo (OP)
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June 06, 2011, 06:43:11 PM |
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You may not be so glad in 10 days when you finally get your rigs running and difficulty doubles I did all my calculations a week ago and things look good, prices have more doubled since. bring on the difficulty increase :p |
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jfourmo (OP)
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June 06, 2011, 06:45:00 PM |
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so wait will my 5870 do good since ive been reading that 5830's are like the best card to mine?? sorry im a noob and i didnt mean for my 1st post to be this i was actually going to post in a different thread but this one caught my eye The 5830 is the best bang for your buck RIGHT NOW. I don't know what you paid for your 5870 but it's much better for mining than a 5830 ignoring cost |
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bcpokey
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June 06, 2011, 06:46:48 PM |
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this all kind of makes me giggle. I know when bionic put out gpu stuff for crunching numbers there was a slight increase in card sales.... But I can't imagine there has ever been a increase in sales like this. its completely insane how many vid cards have been purchased just because of bitcoins in the past few weeks... should of got stock in these manufacturers
A simple estimate of the bitcoin community puts miners in the roughly 10-20,000 range. New card sales are likely less but even assuming an optimistic estimate, we'll say 20,000. In the first 9 months after the 5xxx series was released, AMD sold 16million 5xxx chips. 20,000 / 16million = .1% Bitcoin is a drop in the bucket at the moment. I'm glad people are being optimistic about bitcoin, that's what it needs, but really let's keep things in perspective. |
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Internet151
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June 06, 2011, 06:48:22 PM |
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I just purchased 12 Sapphire 5830's from Newegg this morning, glad I made it before they sold out!
You may not be so glad in 10 days when you finally get your rigs running and difficulty doubles Nah, I shipped them next day air this morning with rush processing. I'll have them tomorrow. |
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mrNightowl
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June 06, 2011, 06:56:18 PM |
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this all kind of makes me giggle. I know when bionic put out gpu stuff for crunching numbers there was a slight increase in card sales.... But I can't imagine there has ever been a increase in sales like this. its completely insane how many vid cards have been purchased just because of bitcoins in the past few weeks... should of got stock in these manufacturers A simple estimate of the bitcoin community puts miners in the roughly 10-20,000 range. New card sales are likely less but even assuming an optimistic estimate, we'll say 20,000. In the first 9 months after the 5xxx series was released, AMD sold 16million 5xxx chips. 20,000 / 16million = .1% Bitcoin is a drop in the bucket at the moment. I'm glad people are being optimistic about bitcoin, that's what it needs, but really let's keep things in perspective. Ooh yeah for sure overall its nothing. But what I meant was just a average shopping time to see a huge spike in sales out of the blue. edit: smiley after stock comment cuz was being funny. |
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